After a 2021 frothy bull market, NFTs are currently experiencing the depression phase of the market cycle. However, despite the fact that only NFT art has truly found its product-market fit, NFTs in general represented the consumerist moment for crypto. In addition, they also provided a solution for tokenising real world assets (RWA) and intangibles, potentially penetrating markets worth hundreds of trillions of dollars. Moreover, similar to digital art, the advent of AI poses a challenge when it comes to establishing provenance, but this represents another utility for NFTs, as they can be traced back to their origin, given the public nature of blockchains.
We were joined by Stephen Young and Storm from NFTFi, to discuss the general state of the NFT market, future prospects for NFT development and how their P2P NFT lending platform unlocks new sources of liquidity in this bear market.
Topics discussed in this episode:
0:00 – Introduction
1:04 – Stephen’s & Storm’s backgrounds and what allured them to NFT finance
5:55 – NFT market overview
11:27 – Tokenised real world assets (RWA)
14:50 – NFTFi’s peer-to-peer vs. peer-to-pool models
24:06 – How other DeFi derivatives apply to the NFT market
28:04 – NFT vs. fungible token market size
31:53 – Blur’s Blend
35:26 – NFT royalties
38:58 – NFT lending protocols differences
41:27 – How escrow contracts affect NFT ownership and utility
46:25 – NFTFi roadmap
47:52 – Interest rates for different collections
51:33 – NFT art market
56:30 – AI art
1:00:12 – Collateralizing RWA
Links mentioned in this episode:
– Stephen Young on Twitter: bit.ly/47ruKAO
– Storm on Twitter: bit.ly/47rXhGw
– NFTFi on Twitter: bit.ly/3Oyv9ZC
This episode is hosted by Brian Fabian Crain. Show notes and listening options: https://epicenter.tv/508
